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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Comparison of Asset Betas across Countries and Industries |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 30 |
| Date | 2016 |
| Abstract Text | When valuing the firm, one of the inputs with the most influence on the final result is the cost of capital, thus it is important to estimate it as precisely as possible. This thesis aims to provide the benchmark for asset beta, which is one of the inputs for the estimation. The analysis was performed on 20’519 companies from 53 countries. The results indicate considerable variation across countries and industry sectors, however certain sectors have a higher cross-border similarity. The final outcome of the thesis is a matrix of betas by countries and GICS, which could be used as benchmark value for various estimations. |
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